PEGAH VAHEDI: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PEGAH VAHEDI
Largest movements
- Cash +€1,266
up €1,266 (+2.8%), from €45,960 to €47,226
mainly Trade debts (+€6,204) and Net result for the year (+€2,209)
- Other debts -€7,087
down €7,087 (-42.4%), from €16,706 to €9,619
- Trade debts +€6,204
up €6,204 (+606%), from €1,023 to €7,228
of which Suppliers: +€4,549
- Profit (loss) carried forward +€2,209
up €2,209 (+8.0%), from €27,706 to €29,915
- Purchases and services -€28,030
no longer reported in 2025 (was €28,030)
- Other operating charges -€15,334
down €15,334 (-97.5%), from €15,733 to €400
- Gross operating margin -€14,203
down €14,203 (-79.7%), from €17,813 to €3,610
- Financial charges -€794
down €794 (-77.4%), from €1,027 to €233
- Taxes +€512
up €512 (+200%), from €256 to €769
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,340 | €51,259 | +€919 | +1.8% |
| Fixed assets | 21/28 | €1,400 | €1,400 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,400 | €1,400 | = | 0.0% |
| Furniture and vehicles | 24 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €48,940 | €49,859 | +€919 | +1.9% |
| Amounts receivable within one year | 40/41 | €2,500 | €2,244 | -€256 | -10.3% |
| Other amounts receivable | 41 | €2,500 | €2,244 | -€256 | -10.3% |
| Cash at bank and in hand | 54/58 | €45,960 | €47,226 | +€1,266 | +2.8% |
| Deferred charges and accrued income | 490/1 | €481 | €390 | -€90 | -18.8% |
| Total equity and liabilities | 10/49 | €50,340 | €51,259 | +€919 | +1.8% |
| Equity | 10/15 | €30,706 | €32,915 | +€2,209 | +7.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,706 | €29,915 | +€2,209 | +8.0% |
| Amounts payable | 17/49 | €19,634 | €18,344 | -€1,290 | -6.6% |
| Amounts payable within one year | 42/48 | €19,634 | €18,344 | -€1,290 | -6.6% |
| Trade debts | 44 | €1,023 | €7,228 | +€6,204 | +606% |
| Suppliers | 440/4 | €1,023 | €5,572 | +€4,549 | +445% |
| Bills of exchange payable | 441 | - | €1,655 | +€1,655 | |
| Taxes, remuneration and social security | 45 | €1,905 | €1,497 | -€407 | -21.4% |
| Taxes | 450/3 | €1,905 | €1,497 | -€407 | -21.4% |
| Other amounts payable | 47/48 | €16,706 | €9,619 | -€7,087 | -42.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,030 | - | -€28,030 | |
| Other operating charges | 640/8 | €15,733 | €400 | -€15,334 | -97.5% |
| Gross operating margin | 9900 | €17,813 | €3,610 | -€14,203 | -79.7% |
| Operating profit (loss) | 9901 | €2,080 | €3,211 | +€1,131 | +54.4% |
| Financial charges | 65/66B | €1,027 | €233 | -€794 | -77.4% |
| Recurring financial charges | 65 | €1,027 | €233 | -€794 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €1,053 | €2,978 | +€1,925 | +183% |
| Income taxes | 67/77 | €256 | €769 | +€512 | +200% |
| Profit (loss) for the period | 9904 | €796 | €2,209 | +€1,413 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €796 | €2,209 | +€1,413 | +177% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.